Federal Reserve Vice Chairman Stanley Fischer said Tuesday there is a possibility that the market selloff of 2016 may not damage the economy.
“We have seen similar periods of volatility in recent years — including the second half of 2011 — that have left little visible imprint on the economy, and it is still too early to judge the ramifications of the increased market volatility of the first seven weeks of 2016,” Fischer said in a dinner speech at an oil market conference in Houston.
